Latest Car News in India

Friday, December 07, 2012

By Shilpa Chopra

Cars to be dearer from January 2013

If you have long thought of buying a car and have nearly missed the festive season as well, it is the right time to buy one. Starting January 1, car makers will be increasing the price of their cars by up to 2 percent. Maruti India has decided to increase the price of its cars by up to Rs 20,000 and Toyota cars will be dearer by over 1-2 percent starting next year. Following suit, Honda and Volkswagen will also be thinking on such a move and it is expected that an announcement of the same will be done by these car makers soon. Now that almost all the car makers are going to increase the price of their cars, those who wish to buy car should hurry up.  

Maruti Kizashi Photos

See More Maruti Kizashi Photos Get Maruti Kizashi Price


The increase is being attributed to the currency devaluation as well as other factors that have deeply affected the margins of the car makers. Thus by increasing the car price in India, car makers will be able to control their losses and somewhat increase their profits as well. As Maruti is also going to increase the car prices thus the price rise will be visible in the industry as it is the largest car maker. As a result of the price rise, Maruti 800 that starts at Rs 2.09 lakh to Maruti Kizashi that has a price tag of Rs 17.52 lakh will witness price rise up to Rs 20,000.  General Motors India has also joined the bandwagon and announced to hike the car prices by 1 to 3 percent from the next month.

Maruti Kizashi Photos

See More Maruti Kizashi Photos Get Maruti Kizashi Price


Meanwhile, Toyota cars including Toyota Etios and Toyota Etios Liva besides Toyota Innova and other cars will also witness a price rise. Right from Toyota Etios Liva that starts at Rs 4.44 lakh to the Rs 99.27 lakh worth Toyota Land Cruiser, all Toyota cars will have a price rise from 1 percent to 2 percent. The exact price details will be there once the price rise is declared by these companies.

Comments (1)



Friday, December 07, 2012

Despite of rising fuel prices the new hike in car prices is not good for companies. During this sky rocketing fuel prices all the company should down prices for entire range of their vehicles.

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